© Reuters. 3 Rumors Buzzing Around Wall Street Today
Stocks closed sharply lower Monday as worries about a slowing China recovery due to COVID lockdowns and hawkish fed speak had bulls pulling back. Amid the downside, several rumors swirled around Wall Street. Below we highlighted a few:
Talkspace (TALK) jumped nearly 32% on reports from Calcalist that Amwell (AMWL) is in talks to acquire the company for $1.50 per share.
Univar (NYSE:) gained 4.5% after the company confirmed that it has received a preliminary indication of interest from Brenntag SE regarding a potential transaction. Analysts at Deutsche Bank (ETR:) think the company could be seeking $40/share-plus in a deal. “At $40/share, Univar shares would be valued at 9.7x ‘23E EBITDA,” the analysts commented.
Walt Disney ‘s (NYSE:) returning CEO, Bob Iger, shot down rumors of a merger with the entertainment giant and Apple (NASDAQ:), calling them “pure speculation” at a town hall event.
By StreetInsider.com Staff
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